• Saleable production up 4% year-over-year, exited 2025 at ~18 Mt annualised run rate
• Average Mining Costs Per Tonne Sold down 9% year-over-year, exited 2025 within second quartile
• Major investments complete, cash capital requirements normalising for improved cashflow in FY26

Coronado's Q4 2025 results were within market guidance, underpinned by a materially improved operating base exiting the year. Saleable production was 16 Mt, up 4% year-over-year, with the company exiting 2025 at an ~18 Mt annualised run rate. Average Mining Costs Per Tonne Sold were $97.5/t, down 9% year-over-year, with the company exiting 2025 within the second quartile of the cost curve. The major investment phase is now largely behind Coronado, with cash capital requirements normalising for expected improved cashflow potential in FY26. Both the Buchanan expansion and Mammoth Underground projects achieved expected run rates, with increased production from these investments expected to drive FY26 cash generation. Coronado delivered a significant structural improvement in cost performance in FY25, with operating costs reduced by approximately $307 million. The company's longstanding partnership with Stanwell has provided material financial support, strengthening Coronado's liquidity position. Looking ahead, Coronado remains confident in the strength of its asset base and is well-positioned to leverage price momentum and translate operational gains into stronger earnings and cash generation in FY26.

Saleable production is expected to increase in 2026, with the company expecting to deliver ~3 Mt on an annualised basis from its expansion projects. This uplift is anticipated to have a significant positive impact on earnings and operating cash flow.

Coronado is well-positioned to grow as market conditions improve, with a focus on value-enhancing options, including optimising its product mix and potential minority asset sales. The company remains focused on operating efficiently and safely, preserving cash, securing liquidity, and progressively deleveraging its balance sheet as cashflows improve.